bonds | Egypt Oil & Gas

Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC) announced that the company said NIOC was planning to issue bonds worth IRR 20,000 billion to finance projects aimed at production enhancement an ...

Aramco to Raise $10b Prior to IPO

Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bon ...

Egypt Selects 4 Investment Banks for USD Bond Issuance

Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuan ...

Algeria to Issue Local Debt to Offset Global Oil Price Drop

Algeria plans to issue local-currency debt as a source of financing to offset the collapse in world oil prices, which halved government's energy revenues last year.

KRG Struggling for Cash as Oil Debts, ISIS Threat Mount

The autonomous Kurdistan Regional Government (KRG) in northern Iraq announced that it may sell parts of its electricity sector to raise funds to reduce its budget deficit.

Kuwaiti Government Studys Gasoline Reforms, Parliament Notwithstanding

Kuwait's government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh told the local press.

Bahraini $1.5b Bond Sales Send Bad Signals to Debtors

Bahrain's $1.5b bond sale, last week, is a bad sign that Gulf borrowers will have to pay a lot more to issue debt in coming months because of low oil prices and less enthusiastic investors.

Iraq Investment Rating Daunts International Bond Plans

A source informed Bloomberg that the Iraqi government has mandated Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. to organize meetings to help launch the country’s planned $6b international bond program, ...

Saudi Aramco Desperate for Loans

Informed sources, on condition of anonymity, told Reuters that Saudi Aramco is talking to banks about raising a $5b loan to help out a refinery it built in collaboration with China's Sinopec.

Omani Oil Service Firm to Repurchase Own Bonds

Renaissance Services shareholders have approved plans for the company to buy back mandatory convertible bonds issued in 2012 and issue perpetual bonds,

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